I always have one or two companies that I have a risky investment in because of the possible upside. The amazing thing is that insiders have been keeping this company afloat with their own money and taking shares. The question is why? They must see or realize something that has huge potential. Losing 500k a quarter is a numbers game (accounting write offs). How can a company lose that much money with only 6 employees and have limited expenses? Pad the expenses so when they turn the corner so it can improve the bottom line in the future.
The company still has a low share float and with any progress can be a huge mover. My personal thought is the payoff will be when cannabis becomes legal and then they can produce chocolates with THC ingredients in addition to the current CBD chocolates. The question is when will cannabis become legal?
When and if that happens, you can always jump back in. I am willing to wait it out longer and see what transpires. Wishing you all the best.
Recent FIFG News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/09/2024 10:00:42 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 08:07:19 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 10:29:28 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/18/2023 08:29:21 PM
FEATURED NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM